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Accounting Change Throws Boeing's Balance Sheet For Loop

In 2018, Boeing eclipsed the $100 billion mark in revenue. Above, a Boeing airliner prepares for a test flight in Everett, Washington.

Dramatic rise in current liabilities places strain on the aerospace giants balance sheet although company still remains strong financially.

After three consecutive years of revenue declines, Boeing soared past the $100 billion threshold in annual sales in 2018, but the company's balance sheet is growing weaker, not stronger, according to an analysis of the company's 2018 financial statements by CreditPulse. In a troublesome sign, Boeing's total liabilities have nearly reached the level of its total assets for a debts-to-assets ratio of 1.00. A company is considered insolvent once liabilities exceed assets.

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